Samsung has massive ambitions on the subject of cell phone-primarily based funds. After efficiently launching the Samsung Pay digital pockets app in 2015 and continually improving it with new features like Samsung Pay Cash and Money Transfer, it now has its sight set on the cellular level of sale (mPOS) market with its new “Samsung Point of Sale” system or Samsung POS.
To start utilizing Samsung POS to accept cell funds simply, retailers will go to both the Galaxy Retailer or Play Store to put in the Samsung POS app (called Samsung Pay Contact within the URL). After registration is full, the service provider can begin accepting debit and credit score funds on their NFC-capable Samsung mobile device from sources such as contactless playing cards, Samsung Pay, Apple Pay, and Google Pay digital wallets. To make the method seamless and quick, no dongles, cables, or different extra hardware are required. Samsung POS works with Mastercard and Visa, and though it isn’t talked about mainly in Samsung’s press launch, security is most likely dealt with by Samsung Knox.
After an unbeaten trial run of Samsung POS in Canada earlier this yr, Samsung POS has begun worldwide deployment. Regardless of such an announcement from Samsung, however, the Samsung POS app on the Play Retailer is presently unavailable for obtain within the US, with rollout likely coming in stages.